With the start-up of its new blog, the North American Development Bank (NADBank) is opening a space for conversations on topics related to its mission and functions, such as the environment, sustainability, ESG considerations, green economy and finance, climate change and the importance of developing the border region and the binational relationship between Mexico and the United States, among others. Our specialized staff with experience in different areas of the institution, as well as other invited experts, will participate with articles of interest on these topics.
The North American Development Bank (NADBank) is providing US$250,000 in grant funding for emergency repairs of the Delta Street Sewer Pump Station in the City of Calipatria, a small community located in Imperial County, California. It is the only lift station that serves the city sewer system and receives the entire volume of wastewater collected throughout the community. Once rehabilitated, the pump station will ensure approximately 700,000 gallons per day of wastewater is safely conveyed from the city sewer system to its treatment plant.
As of January 1st, John Beckham began his four-year term as Managing Director of the North American Development Bank (NADBank). NADBank extends its appreciation to Calixto Mateos Hanel, the former managing director, for his years of service to the institution and wishes him success in his future endeavors.
The Board of Directors of the North American Development Bank (NADBank) met in San Antonio, Texas, for their second meeting of the year. During the meeting, the Board discussed the strategic plan of the binational institution for the next five years, so that the Bank provides support and investments throughout the border region so that Mexico and the U.S. can achieve their environmental goals and transition to a greener economy through its investments, grants and technical assistance. In particular, the plan reaffirms the Bank’s continued focus on investment in water infrastructure to better manage this shared resource along the border and address wastewater problems, with the commitment of Mexico and the United States to move towards sustainable development, through investments that promote a better quality of life for border residents, as well as reflects the growing binational priority of accelerating investment in greener mobility.
The North American Development Bank (NADBank) and Clínicas de Salud del Pueblo, Inc, a California-based, non-profit corporation doing business as Innercare, signed a US$36.0 million loan agreement for the design, construction and operation of outpatient medical facilities that will incorporate sustainable construction techniques and materials. The new complex will increase affordable access to much-needed healthcare services in the area.
The North American Development Bank (NADBank) is providing a US$3.4-million grant to the local water utility, Comisión Estatal de Servicios Públicos de Mexicali (CESPM), to support the rehabilitation of five force mains in the municipality of Mexicali, Baja California, and reduce the risk of pipeline failures that could cause sewage overflows onto local streets and into the New River, which flows northward into the United States.
The North American Development Bank (NADBank) is joining a consortium of lenders in an existing US$202.3 million First Citizens Bank-led senior secured credit facility supporting Anemoi Energy Storage, LLC, a special-purpose vehicle formed by Plus Power, LLC, for the design, construction and operation of a battery storage system (BESS) with a capacity of 200 megawatts of alternating current (MWAC) and two hours of duration that will help increase energy storage capacity in the Texas grid.
NADBank is pleased to announce a Request for Proposals (RFP) for projects in the New Mexico-Texas-Chihuahua and Texas-Coahuila-Nuevo Leon-Tamaulipas border regions. The projects selected under this RFP will meet the goals and objectives of the Border 2025 U.S.-Mexico Environmental Program, whose mission is to protect the environment and public health in the U.S.-Mexico border region. The RFP application period will open on October 16, 2023, and close on December 4, 2023.
The North American Development Bank (NADBank) has published a request for proposals for grant financing through the CAP for the implementation of critical projects in the water and solid waste sectors in economically distressed communities in the U.S.-Mexico border region.
The North American Development Bank (NADBank) will host NADBANK SUMMIT 2023 with the theme "Sustainable Regional Economic Integration: U.S.-Mexico," on August 30 and 31, 2023, at the Westin Riverwalk Hotel in San Antonio, Texas. The event will serve as a binational platform to foster analysis, dialogue and synergies on topics related to the economic integration of the region, nearshoring with an emphasis on sustainability, water challenges and innovative actions to address stressed water resources, the importance of energy transition on the border, green manufacturing and industrial parks, and the role of mobility in economic integration. Additionally, there will be two specific panels where the officials from some border states will discuss their programs, investment plans and sustainable infrastructure projects, as well as investment opportunities in the region and potential financing options available through the participating financial institutions.